An industrial warehouse/office at Clayton South in Melbourne's south east has been sold by Ray White Commercial Oakleigh.

The vacant property at 196/248-266 Osborne Avenue, Clayton South, was sold for $345,000 to a local owner-occupier by Paul Rizzo of Ray White Commercial Oakleigh on behalf of a local owner.

Mr Rizzo said the property which offered a net lettable area of approximately 252 sqm was sold 24 hours after it was passed in at auction.

“We had a good response to the marketing campaign and more than 15 people at the onsite auction despite miserable weather,” he said.

“We had two bidders but the property was passed in. We reached a deal with one of the bidders the day after the auction.”

Mr Rizzo said the vendor had spared no expense to make the showroom/office an exceptional offering.

“The building includes approximately 100 sqm of office space on the first floor and there was parking onsite for three vehicles,” he said.

ENDS

Further enquiries:

Paul Rizzo

Mb: 0418 688 888

About Ray White

Ray White is the largest real estate and property group in Australasia. The company, established in 1902 at Crows Nest in Queensland, has more than 1,000 individual offices spread across Australia, New Zealand, Indonesia and India as well as newer offices in key locations in the Asian region and the United Arab Emirates. The brand is represented by more than 10,000 staff, has an annual sales turnover in excess of $37 billion and manages more than 300,000 rental properties.